The internal rate of return is: (Points : 1)
the discount rate at which the NPV is maximized.
the discount rate used by people within the company to evaluate projects.
the rate of return that a project must exceed to be acceptable.
the discount rate that equates the present value of benefits to the present value of costs.

The internal rate of return is: the discount rate that equates the present value of benefits to the present value of costs.